Debt

  • BJP calls for 'in-depth' inquiry in farm debt waiver scheme after CAG report 05-03-2013 03:25 PM

    "There are things rotting somewhere and that is why we want an in-depth inquiry," said BJP spokesperson Prakash Javadekar. ...
  • 17 nations hit by Euro crisis, scenario worse than forecast 15-02-2013 10:00 AM

    The economy of the 17 nations in the Euro shrank by 0.6 per cent in the fourth quarter, which was worse than forecast. ...
  • Obama's second term: Tough challenges lie ahead 22-01-2013 10:31 AM

    The President spoke directly to the American people on Monday after the swearing-in ceremony, giving a glimpse into the next four years. ...
  • Watch: Find out what US fiscal deal has missed out on 03-01-2013 10:43 AM

    Find out which of America's problems does the US fiscal deal has not addressed. ...
  • Kingfisher Airlines looking for solution to end crisis: SBI 16-12-2012 01:17 AM

    New Delhi: State Bank of India (SBI) on Saturday said there is no need for lenders to panic as the cash-strapped Kingfisher Airlines is looking for a solution to come out of the crisis. "Kingfisher has been a good airline at some point of time. They are going through their...
  • AP: Missing man's wife rescued from creditor's clutches 11-12-2012 08:27 PM

    Guntur: A creditor detained his debtor's wife in his house, demanding clearance of his dues, in Macherla town of Guntur district on Monday, the police said. A drunkard called D Gopala Reddi had borrowed Rs 50,000 from S Lakshmanaih three years ago and then gone missing, after which his wife...
  • Four more years!

    Delhi Musings |  Shormishtha Panja
    Now that Barack Obama has won a second term, let's look at some of the reasons for his victory in what was predicted as a...

  • 'Not aware of any deadline set by Kingfisher lenders' 10-11-2012 02:49 AM

    New Delhi: UB Group chief Vijay Mallya on Friday said he is not aware of any deadline given by bankers on recapitalisation of his airline Kingfisher, a comment that comes three days after SBI said the carrier will not fly again if it does not get capital "by month-end". "I...
  • Diageo to acquire 53.4 pc in Mallya's United Spirits 09-11-2012 02:30 PM

    New Delhi: Vijay Mallya owned United Breweries on Friday signed a $2 billion deal with Diageo group and sold controlling stake of 53.4 per cent in United Spirits Limited (USL). Announcing the deal, Mallya said, "The cash infusion will help USL de-leverage itself. It is a win-win situation for both...
  • Kingfisher Airlines loss widens as revenue plummets 08-11-2012 09:38 AM

    Mumbai: Concerns over the future of India's debt-ridden Kingfisher Airlines intensified on Thursday after the grounded carrier provided no concrete recovery plan even as a deadline to raise cash loomed large. Kingfisher, grounded for more than a month after a violent staff protest and concerns about safety, widened its quarterly...
  • Organiser defends proposed Greek F1 track 05-11-2012 09:35 PM

    Athens: The man leading controversial plans to construct a potential Formula One racetrack in debt-stricken Greece has defended the bold project and says "my life's work" will benefit rather than burden the country. Last month, Greece's Ministry of Development confirmed it had unblocked a European funding subsidy of 29.46 million...
  • RBI okays Air India's debt restructuring plan 07-01-2012 09:16 PM

    Mumbai: The Reserve Bank has approved debt-ridden national carrier Air India's financial restructuring plan, which would enable banks to amortise their provisional losses over 29 quarters, a senior Air India official said on Saturday in Mumbai. "This should help banks to reduce the impact on their balance sheets, as well...
  • Debt relief: A time for forgiveness 27-12-2011 03:28 PM

    This article appeared on the parent Website on December 23 at 8:21 pm By Martin Sandbu As Christmas Eve dawns, the tent hamlet that popped up in front of St Paul's Cathedral more than two months ago is still there. Today, the mood in the London outcrop of the global...
  • Japan to enter dollar swap agreement with India 25-12-2011 06:31 PM

    Tokyo: The Japanese government is considering a dollar swap arrangement with India to provide emergency liquidity in case the European debt crisis reaches emerging economies, the Nikkei business newspaper said on Sunday. The agreement would set the total swap arrangement at $10 billion, or 780 billion yen, the Nikkei said....
  • Is the Eurozone heading towards a breakup? 21-12-2011 03:59 PM

    The health of the Eurozone is dire. What started out as a sovereign debt crisis in a minor periphery economy of the Eurozone, Greece, has now morphed into a full-fledged crisis involving the giants " Italy and France. It was always clear that if the crisis spread to these bigger...
  • Karnataka's debt may cross Rs 1.10 lakh crore 14-12-2011 10:54 AM

    BANGALORE:The states total debt is expected to cross Rs 1.10 lakh crore as the government has sought the Centres permission to raise a fresh loan of Rs 10,827 crore from the open market, according to the Mid-Year Review report on State Finances tabled in the Assembly. However, the Centre has...
  • Protests pitch Russian blogger against Putin 11-12-2011 08:23 PM

    Moscow: If Vladimir Putin is to face a Russian rebellion, its spiritual leader may be a 35-year-old blogger named Alexei Navalny. At Saturday's protests, the biggest of Putin's 12-year rule, some of the loudest cheers were for the anti-corruption campaigner, who has warned Russia's paramount leader he could face an...